Orsted Secures $3 Billion Financing for Taiwan Wind Farm
The Danish renewable-energy company said Thursday it has reached financial close on a project-finance package with 25 banks and five export credit agencies to raise around 90 billion New Taiwan dollars ($3.08 billion) for the 632 megawatt project.
The agreement is part of the project's financing structure, which sees Orsted simultaneously progress with an equity divestment of the wind farm, which is expected to be completed once the project is operational.
Greater Changhua 2 is comprised of both Greater Changhua 2a, which is operational, and Greater Changhua 2b, which is currently under construction and is expected to be commissioned toward the end of 2025.
Write to Dominic Chopping at dominic.chopping@wsj.com
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